Brockton mayoral administration sees 'millions of dollars' for city in retail marijuana
The administration of Brockton Mayor Bill Carpenter doesn’t have an estimate on how much money the city will take in through taxes and host community agreements for recreational marijuana stores. Carpenter and other city officials said it’s tough to make a comparison to communities in Colorado and other places where pot sales are legal, but the mayor said it would be “millions of dollars” that are needed to fund public schools and police. But one Colorado-based marijuana expert estimated that retail stores alone would generate at least $3 million annually for Brockton through taxes on gross sales in the city, while wholesale cultivators and manufacturers could bring in much more money into city coffers.
Marc Larocque Enterprise Staff Writer @Enterprise_Marc
BROCKTON – City Planner Rob May said that while some communities across the country have been raking in revenue from legalized recreational marijuana for several years, it’s difficult to make a direct comparison in order to project how much money Brockton could bank by taxing retail pot shops.
For example, Boulder, Colorado, where sanctioned recreational marijuana sales began in early 2014, has a similar population to Brockton. There are about 100,000 people living in Brockton, and Boulder has a population of roughly 108,000. According to one report by the Daily Camera newspaper, in the first 2 1/2 years that Boulder benefited from taxes on recreational marijuana sales, the Colorado city collected $6.7 million. But Boulder is a “college town,” May said, the demographics are much different, and Colorado’s marijuana tax structure isn’t comparable.
“It’s very difficult to get down to a granular level to a city the size that is similar to Brockton,” May told The Enterprise.
But with a 3 percent tax on gross sales, and another potential 3 percent through a negotiated host community agreement, Mayor Bill Carpenter